Government intervention in the foreign exchange market

Owen Humpage

No 315, Working Papers (Old Series) from Federal Reserve Bank of Cleveland

Abstract: This article offers a survey of the literature on foreign exchange intervention, including sections on the theoretical channels through which intervention might affect exchange rates and a summary of the empirical findings. The survey emphasizes that intervention is intended to provide monetary authorities with an means of influencing their exchange rates independent from monetary policy, and tends to evaluate theoretical channels and empirical results from this perspective.

Keywords: Foreign; exchange; administration (search for similar items in EconPapers)
Date: 2003
New Economics Papers: this item is included in nep-ifn
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedcwp:0315

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DOI: 10.26509/frbc-wp-200315

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